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VIASPACE Press Release



New Pages, Images Present Latest on Clean Energy Business, Growth Opportunities

PASADENA, CA-May 28, 2009-VIASPACE Inc. (OTCBB: VSPC), a clean energy company providing productsand technology for renewable and alternative energy, today announced the launch of its new corporate website, which is now live at http://www.viaspace.com/. The new site presents the latest information about the Company's business and financial strategy. The CEO presentation at the Renewable Energy Finance Forum in Beijing is available at the bottom of the home page, as is a link to the Cohen Independent Research Group report on VIASPACE.

VIASPACE's core businesses are discussed in detail, including a new section highlighting the Company's renewable energy business based on Giant King Grass as a feedstock for biofuels, and an updated section about its alternative energy businesses in fuel cell cartridges and rechargeable lithium batteries for a range of electronics and vehicles. Another new section provides greater visibility for Ionfinity, VIASPACE's monitoring and detection systems subsidiary.

Also included is a new section about VIASPACE's non-core framed art business, Inter-Pacific Arts, which was acquired in a strategic move to accelerate growth of its renewable energy business and concurrently secure financial resources for that growth.  

VIASPACE Chief Executive Dr. Carl Kukkonen stated: "Visitors can now learn more about VIASPACE, its clean energy strategy, and our plans to realize a range of opportunities in renewable, low-carbon energy, and fuel cells and batteries as clean alternative energy sources. By developing and supplying the raw materials, products and technology for end-products that meet those needs, we feel we are in excellent position to participate in the high growth being projected for those markets.

"Our renewable energy subsidiary, VIASPACE Green Energy, is developing Giant King Grass as a renewable energy source for cellulosic biofuels and biomass power plants, and our alternative energy subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC), is engaged in ongoing development and commercialization of fuel cartridges for fuel cells as alternative energy sources for portable and mobile electronics," Kukkonen continued. "Since the materials and products we are supplying are key consumables for those applications, they represent streams of recurring and potentially increasing revenue as those end products, and respective markets, gain a stronger foothold in the ongoing trend away from fossil fuels and other high-pollutant energy sources." 

About VIASPACE Inc.: VIASPACE is an alternative energy company providing products and technology for renewable and clean energy that reduce or eliminate dependence on fossil and other high-pollutant energy sources. The Company provides raw material for cellulosic biofuels and develops and markets fuel cell cartridges, products and technology. VIASPACE subsidiary Direct Methanol Fuel Cell Corporation owns a portfolio of fuel cell patents licensed from Pasadena-based California Institute of Technology (Caltech), which manages NASA's Jet Propulsion Laboratory, where the direct methanol fuel cell was invented. For more information, please see http://www.viaspace.com/ or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or [email protected].

Safe Harbor Statement:  Information in this news release and include forward-looking statements. These forward-looking statements relate to future events or future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors  include, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2008, as well as general economic and business conditions; the ability to acquire and develop specific products and technologies; changes in consumer and business demand for the Company's products; competition from larger companies; changes in demand for alternative and clean energy; risks associated with international transactions; risks related to technological change; and other factors over which VIASPACE has little or no control.